Enel Green Power Australia to buy 1GW renewables project in Queensland

Facebook
Twitter
LinkedIn
Reddit
Email
Enel Green Power Australia currently operates three solar projects with a combined installed capacity of 310MW. Image: Enel Green Power

Enel Green Power Australia, the Australia-based renewables arm of Italian energy company Enel, has signed a binding agreement with minerals company QEM to purchase a 1GW solar and wind project.

QEM said the Julia Creek Renewables Project will be immediately adjacent to QEM’s flagship Julia Creek Vanadium and Oil Shale project in northwest Queensland. Under the project sale agreement, Enel Green Power Australia will acquire solar and wind monitoring equipment, and more than 18 months of data, and intellectual property regarding engineering, environmental, geotechnical, floodplain and other project studies.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

In return, QEM will receive an upfront payment of AU$3 million (US$ 2million). The company will also receive two milestone payments totalling AU$4 million, and a final payment contingent on development plans.

As part of the agreement, Enel Green Power Australia will also offer 25MW of firm capacity to QEM via a 10-year power purchase agreement (PPA).

In July 2023, QEM announced that it shortlisted three offers from four renewable companies for the project, including Acciona Energía, Origin Energy, Energy Estate and Enel Green Power.

The Julia Creek Renewables Project will connect to the CopperString 2.0 transmission line that connects the North West Minerals Province to the National Electricity Market.

Aside from this project, Enel Green Power Australia currently operates three solar projects totalling 310MW of installed capacity and a 76MW wind project. The company also boasts a 93MW solar project under construction.

“With outstanding wind and solar resources, the proposed project has the potential to be one of Queensland’s largest renewable energy projects, targeting a significant contribution to achieving Queensland’s renewable energy targets of 70% renewable energy by 2032 and 80% by 2035,” said Enel Green Power Australia CEO Werther Esposito.

Queensland set multiple renewable energy targets last year, including bringing 22GW of new solar and wind projects by 2035. The Queensland government said it will legislate renewable energy targets: 50% by 2030, 70% by 2032, and 80% by 2035. A total of more than AU$62 billion (US$40.85 billion) of investment will be injected, at least 95% in regional Queensland.

Read Next

August 28, 2025
Developer Pacific Energy has successfully commissioned a 26MW solar-plus-storage site at the Atlas-Campaspe mine in NSW, Australia.
August 26, 2025
The Australian Government’s CER approved 56 new power stations, with 797MW of renewable energy capacity, in July this year.
August 22, 2025
The Australian Renewables Income Fund (ARIF), a renewable energy fund managed by Foresight Group, has raised AU$700 million (US$779 million) in a debt refinancing transaction.
August 22, 2025
AEMO has predicted the NEM will see a steady rise in renewable energy generation capacity, reaching 229TWh by 2035.
August 20, 2025
New South Wales, Australia's most coal-dependent state, will transition from 40% to 90% renewable energy by 2035, according to grid operator Transgrid's latest planning report.
August 19, 2025
Australia’s Clean Energy Council has appointed Jackie Trad as its new chief executive officer, following the departure of Kane Thornton.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines